Averett University

www.averett.edu

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2024 Undergraduate Tuition

$38,400

2024 Average Net Price

$23,471

After Financial Aid

2024 Acceptance Rate

56.6%

2,573 Applicants

2024 Enrolled Students

1,476

78.3% Full-Time

2024 Graduation Rate

48.1%

142 Graduates

About

Averett University is a higher education institution located in Danville city, VA. In 2024, the most popular Bachelors Degree concentrations at Averett University were Registered Nursing (78 degrees awarded), General Business Administration & Management (50 degrees), and General Aeronautics & Aerospace Science & Technology (23 degrees).

In 2024, 389 degrees were awarded across all undergraduate and graduate programs at Averett University. 58.4% of these degrees were awarded to women, and 41.6% awarded men. The most common race/ethnicity group of degree recipients was white (215 degrees), 2.24 times more than then the next closest race/ethnicity group, black or african american (96 degrees).

The median undergraduate tuition at Averett University is $38,400, which is $8,412 more than the national average for Baccalaureate Colleges ($29,988).

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2024, the median undergraduate tuition at Averett University is $38,400, which is $8,412 more than the national average for Baccalaureate Colleges ($29,988).

After taking grants and loans into account, the average net price for students is $23,471.

In 2024, 87% of undergraduate students attending Averett University received financial aid through grants. Comparatively, 63% of undergraduate students received financial aid through loans.

Tuition Costs

$38,400

2024 Undergraduate Tuition

In 2024, the cost of tuition at Averett University was $38,400. The cost of tuition at Averett University is $8,412 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,988).

This chart compares the tuition costs of Averett University (in red) with those of other similar universities.

Average Net Price

$23,471

2024 Value

2.57%

1 Year Growth

In 2024 Averett University had an average net price — the price paid after factoring in grants and loans — of $23,471. Between 2023 and 2024, the average net price of Averett University grew by 2.57%.

This chart compares the average net price of Averett University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$11,804

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Averett University was of $11,804 in 2024. The cost of room and board increased by 44% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Averett University (in red) with that of similar universities.

Financial Aid by Income Level

87%

Undergraduates Receiving Financial Aid through Grants

63%

Undergraduates Receiving Financial Aid through Loans

87% of undergraduate students at Averett University received financial aid through grants or loans in 2024. This represents a growth of 2.35% with respect to 2023, when 85% of undergraduate students received financial aid.

This chart compares the average award discount at Averett University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Admissions

Averett University received 2,573 undergraduate applications in 2024, which represents a 22.5% annual growth. Out of those 2,573 applicants, 1,456 students were accepted for enrollment, representing a 56.6% acceptance rate.

There were 1,476 students enrolled at Averett University in 2024. 7% of first-time enrollees submitted SAT scores with their applications.

Averett University has an overall enrollment yield of 18.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

56.6%

Acceptance Rate in 2024

1,456

Accepted Out of 2,573

In 2024, the undergraduate acceptance rate of Averett University was 56.6% (1,456 admissions from 2,573 applications). This is higher than the acceptance rate of 2023, which was 47.8%. Between 2023 and 2024, the number of applicants declined by 22.5%, while admissions declined by 8.31%.

This chart compares the acceptance rate of Averett University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

Submission Percentage (2024)

Scores Submitted (2024)

7% of enrolled first-time students at Averett University in 2024 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Averett University had a total enrollment of 1,476 students in 2024. The full-time enrollment at Averett University is 1,156 students and the part-time enrollment is 320. This means that 78.3% of students enrolled at Averett University are enrolled full-time.

The enrolled student population at Averett University, both undergraduate and graduate, is 50.7% White, 26.8% Black or African American, 4% Two or More Races, 3.66% Hispanic or Latino, 1.56% Asian, 0.813% American Indian or Alaska Native, and 0.203% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Averett University in full-time Undergraduate programs are most commonly White Female (24.5%), followed by White Male (24.1%) and Black or African American Male (13.6%). Students enrolled in full-time Graduate programs are most commonly White Female (37%), followed by Black or African American Female (37%) and White Male (18.5%).

Full-Time vs Part-Time Enrollment

78.3%

Full-Time Enrollment

The total enrollment at Averett University in 2024, both undergraduate and graduate, is 1,476 students. The full-time enrollment at Averett University is 1,156 and the part-time enrollment is 320. This means that 78.3% of students enrolled at Averett University are enrolled full-time compared with 78.4% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Averett University (in red) compares to similar universities.

Retention Rate over Time

65%

2024 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Averett University was 65%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), Averett University had a retention rate lower than its peers.

This chart shows the retention rate over time at Averett University (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
748 enrolled students
Black or African American
395 enrolled students
Two or More Races
59 enrolled students

The enrolled student population at Averett University is 50.7% White, 26.8% Black or African American, 4% Two or More Races, 3.66% Hispanic or Latino, 1.56% Asian, 0.813% American Indian or Alaska Native, and 0.203% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 51.9% White, 13.9% Hispanic or Latino, and 12.8% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 86 students (5.83%) did not report their race.

Graduates

In 2024, 65 more women than men received degrees from Averett University. The most common race/ethnicity group of degree recipients at Averett University is white (215 degrees awarded). There were 2.24 times more white recipients than the next closest race/ethnicity group, black or african american (96 degrees).

The most common Bachelor's Degree concentration at Averett University is Registered Nursing (78 degrees awarded), followed by General Business Administration & Management (50 degrees) and General Aeronautics & Aerospace Science & Technology (23 degrees).

In 2024, the most specialized majors across all degree types at Averett University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Transportation (23 degrees awarded), Parks, Recreation, & Leisure (23 degrees), and Education (69 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Averett University are Elementary & middle school teachers (1,544,555 people), Secondary school teachers (529,726 people), Physicians (423,349 people), Education administrators (280,049 people), and Other managers (263,358 people).

The most specialized majors at Averett University in 2024 are Transportation (23 degrees awarded), Parks, Recreation, & Leisure (23 degrees), Education (69 degrees), Protective Services (27 degrees), and Biology (21 degrees) (as of 2024).

Highest Paying Jobs by Major

Physicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Averett University are Physicians, Surgeons, Nuclear medicine technologists and medical dosimetrists, Photographic process workers & processing machine operators, and Nurse anesthetists

The most specialized majors at Averett University are Transportation (23 degrees awarded), Parks, Recreation, & Leisure (23 degrees), Education (69 degrees), Protective Services (27 degrees), and Biology (21 degrees) (as of 2024).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Averett University are Elementary & secondary schools (2,876,703 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (659,056 people), Colleges, universities & professional schools, including junior colleges (513,525 people), Justice, public order, & safety activities (389,666 people), and Offices of physicians (226,202 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Averett University.

Most Common (2024)

Registered Nursing
78 degrees awarded
General Business Administration & Management
50 degrees awarded
General Aeronautics & Aerospace Science & Technology
23 degrees awarded

In 2024, the most common bachelors degree concentration at Averett University was Registered Nursing with 78 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Averett University according to their major.

Sex Breakdown for Common Majors

162

Degrees Awarded to Men

in 2024

227

Degrees Awarded to Women

in 2024

In 2024, 162 degrees were awarded to men at Averett University, which is 0.714 times less than the number of degrees awarded to females (227).

This chart displays the sex disparity between the top 5 majors at Averett University by degrees awarded.

Most Common Male Majors

In 2024, 49 degrees were awarded to men at Averett University in General Business Administration & Management, which is 1.75 times more than the 28 female recipients with that same degree.

Most Common Female Majors

In 2024, 68 degrees were awarded to men at Averett University in Registered Nursing, which is 6.8 times more than the 10 male recipients with that same degree.

Time to Complete

33%

100% Completion Time

46%

150% Completion Time

In 2024, 33% of students graduating from Averett University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 46% completed their degrees within 150% of the normal time, and 46% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
215 degrees awarded
Black or African American
96 degrees awarded
Hispanic or Latino
19 degrees awarded

The most common race/ethnicity at Averett University is white (215 degrees awarded). There were 2.24 times more white recipients than the next closest race/ethnicity group, black or african american (96 degrees).

4.63% of degree recipients (18 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
127 degrees awarded
White Male
88 degrees awarded
Black or African American Female
50 degrees awarded

The most common race/ethnicity and sex grouping at Averett University is white female (127 degrees awarded). There were 1.44 times more white female recipients than the next closest race/ethnicity group, white male (88 degrees).

Operations

Averett University has an endowment valued at nearly $5.69M, as of the end of the 2024 fiscal year. The return on its endowment was of 1.33M (23.4%) compared to the 8.99% average return (4.98M on 55.4M) across all Baccalaureate Colleges.

In 2024, Averett University had a total salary expenditure of 41M. Averett University employs 19 Assistant professors, 11 Associate professors and 10 Professors. Most academics at Averett University are Female Assistant professor (12), Male Professor (7), and Male Assistant professor (7).

The most common positions for non-instructional staff at Averett University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 46 employees, Management, with 28 employees, and Office and Administrative Support with 22 employees.

Endowment

$5.69M

2024 Endowment

77%

decline from 2023

Averett University has an endowment valued at about $5.69M, as of the end of the 2024 fiscal year. The endowment of Averett University declined 77% from the previous year. The value of their endowment was $49.7M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Averett University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Diverse Fields Carnegie Classification grouping.

Salary Expenditure

$15.4M

2024 Salaries

growth from 2023

In 2024, Averett University paid a median of $15.4M in salaries, which represents 37.6% of their overall expenditure ($41M) and a 0% growth from the previous year.

Instructional Salaries

$2.4M

Instructional Salaries

Number of Employees

In 2024, Averett University paid a total of $2.4M to 43 employees working as instructors, which represents 15.6% of all salaries paid.

This is compared to a median of $556k (3.18%) for similar Baccalaureate Colleges.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Averett University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 46 employees, Management with 28 employees, and Office and Administrative Support with 22 employees.

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